FORE(SZ:301368)2025-12-25 08:50Group 1: Company Overview and History - Founded in 1995, the company started with small modulus spiral bevel gears, achieving import substitution and exporting to Germany, Japan, and the USA [3] - From 1998 to 2003, the company entered the supply chain of global top enterprises, establishing long-term partnerships with renowned companies like Bosch and Siemens [3] - The product range expanded from bevel gears to include cylindrical gears, powder gears, and precision mechanical parts, with significant developments in harmonic reducers and other technologies by 2016 [3] Group 2: Business Development and Future Plans - In 2022, the company went public, raising funds primarily for the robotics and new energy vehicle sectors [3] - The focus for 2023 is on equipment investment, while 2024 will emphasize developing new customers, fields, and products in humanoid robots, automotive, marine economy, and low-altitude economy [3] Group 3: Key Product Areas - Robotics: Products include harmonic reducers and planetary reducers, with clients from automotive and robotics industries [3] - Automotive: Development includes gears for fuel and electric vehicles, smart driving components, and differential products for balance adjustment, with clients like BYD and Dongfeng [3] - Marine Economy: Products developed for marine applications include spiral bevel gears, competing with Japanese brands [3] - Low-altitude Economy: Products for flying vehicles, including reducers for vertical take-off and landing mechanisms [3] Group 4: International Expansion - The company has three overseas subsidiaries: 1. A subsidiary in Stuttgart, Germany, leveraging Bosch's influence to secure orders in smart home and new energy sectors [4] 2. A subsidiary in Vietnam, providing customized production services to reduce procurement costs for clients [4] 3. A subsidiary in Malaysia, primarily serving automotive companies [4] Group 5: Investor Relations Activity - The investor relations activity took place on December 25, 2025, at the company's headquarters, involving key personnel and analysts from Huajin Securities [2] - The activity included a risk warning regarding the speculative nature of future business developments [3]